Azerbaijan Ready to Cut Oil Output by Same Percentage as Russia

© AP Photo / Dmitry LovetskyThe Baku Aquatics Centre, one of the venues of the 2015 European Games stands in the background, as an oil pump works a nearby field in Baku, Azerbaijan.
The Baku Aquatics Centre, one of the venues of the 2015 European Games stands in the background, as an oil pump works a nearby field in Baku, Azerbaijan. - Sputnik International
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Azerbaijan is planning to reduce its oil output by the same percentage as Russia and other non-OPEC countries, the country's Energy Ministry said Thursday.

A worker at an oil field owned by Bashneft, Bashkortostan, Russia - Sputnik International
All Russian Energy Companies Support Oil Production Cuts
BAKU (Sputnik) — The Organization of the Petroleum Exporting Countries (OPEC) announced last week that they were looking for non-OPEC countries to reduce output by 600,000 barrels per day starting in January 2017.

Russian Energy Minister Alexander Novak said that Moscow is ready to gradually reduce its oil output by up to 300,000 barrels per day starting in January 2017 in light of a new OPEC agreement on oil production ceiling.

"Azerbaijan is planning to determine the production volume considering the reduction percentage which is similar to that of Russia and other non-OPEC producers," ministry's spokeswoman Zamina Aliyeva said.

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